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The city's Rent Guidelines Board approved a nominal 2.75 rent increase for one million rent-stabilized apartments. ... 2024 at 3:05 PM. ... Rent stabilization holds rents well below market rates ...
Members of the Westchester County Rent Guidelines Board meet in White Plains June 27, 2024. The board voted to increase rents on stabilized apartments at a rate of 2 1/2% for one year leases and 3 ...
Rent Control: Regulation and the Housing Market. Center for Urban Policy Research, ISBN 0-88285-159-4. McDonough, Cristina (2007). "Rent Control and Rent Stabilization as Forms of Regulatory and Physical Taking." Boston College Environmental Affairs Law Review, Vol. 34 pp. 361–85. Niebanck, Paul L., editor (1986). The Rent Control Debate.
New Yorkers living in stabilized apartments in the five boroughs face higher rents this fall, and the Lower Hudson Valley may be poised to follow suit, with the Westchester County Rent Guidelines ...
Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords along with lease renewals. The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered. [4]
These laws include rights to lease renewal and constraints on annual rent increases, which are recalculated each year. [37] Despite their differences, rent stabilization has become more prevalent than rent control. For example, in New York City in 2021, there were 16,400 rent-controlled apartments compared to 1,048,860 rent-stabilized ...
The Supreme Court declined Tuesday to hear challenges to New York’s rent stabilization laws, which impose strict rules on how landlords can lease some units in the Empire State.
DHCR has had significant oversight issues and received criticism over the years, particularly regarding its role in the regulation and enforcement of rent stabilization laws. [3] Tenants and advocacy groups have frequently pointed to several failures and systemic issues that have adversely impacted New York tenants.